# CSA NI 51-102 — Business Acquisition Report

> Draft and validate the Business Acquisition Report (BAR) for Canadian reporting issuers under NI 51-102 Part 8 and Form 51-102F4. Ensures acquisition description, financial statements of the acquired business, and pro forma information for SEDAR+ filing.



Tags: Canada, CSA, NI 51-102, SEDAR, BAR, M&A, Financial Reporting


## Example Prompts

- Draft a Business Acquisition Report for our recent acquisition and validate for Form 51-102F4
- Prepare BAR with acquisition description and pro forma financial information
- Validate the BAR draft before SEDAR+ filing

URL: https://rakenne.app/skills/csa-ni51102-bar/index.md

Try this skill: https://rakenne.app/a/?skill=csa-ni51102-bar



## Overview

Draft and validate the Business Acquisition Report (BAR) for Canadian reporting issuers under NI 51-102 Part 8 and Form 51-102F4. Ensures acquisition description, financial statements of the acquired business, and pro forma information for SEDAR+ filing.

## Example Conversation

> **You:** We just completed a significant acquisition and need to file a Business Acquisition Report. Can you draft the BAR with acquisition description, financial information on the acquired business, and pro forma disclosure, then validate it?

> **Agent:** I'll draft the BAR per Form 51-102F4: description of the acquisition, financial statements (or required financial information) of the acquired business, and pro forma information. I'll then run `validate_ni51102_bar` on the draft.

> **Agent:** Created `bar-draft.md`. Running `validate_ni51102_bar`...

> **Agent:** Check **PASS** — the document includes acquisition description, financial statements / pro forma disclosure, and no placeholders. You can file on SEDAR+ after final review.

## What the Tools Validate

**`validate_ni51102_bar`** checks the BAR draft for:

- **Acquisition description** — Description of the acquired business, consideration, and material terms.
- **Financial statements / pro forma** — Financial information of the acquired business and pro forma disclosure as required by Form 51-102F4.
- **Placeholders** — Flags [TODO], TBD, or similar to replace before SEDAR+ filing.

**Output:** PASS when there are no errors or warnings; otherwise FAIL with a findings list. Fix flagged items and re-run until the check passes.

## Output Excerpt

**BAR (excerpt):**

```markdown

## Description of the Acquisition

On [date], [Issuer] acquired [Acquired Business] for consideration of [description]. The acquisition [material terms]...

## Financial Statements of the Acquired Business

[Financial statements or required financial information of the acquired business as prescribed.]

## Pro Forma Financial Information

The following pro forma financial information gives effect to the acquisition as if it had occurred at [date]...
```

**validate_ni51102_bar report (excerpt):**

```
=== CSA NI 51-102 BAR (Form 51-102F4) VALIDATION ===
Result: PASS
```

## Getting Started

Add your source materials to the project workspace (acquisition agreement, target financials), then activate the *CSA NI 51-102 — Business Acquisition Report* skill. The agent will guide you through drafting and validating with `validate_ni51102_bar`.


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